Crude oil prices remained steady with minimal changes at trading start on Wednesday before the U.S.-China phase-one trade deal that will be signed later during the day.
International benchmark Brent crude was trading at $64.34 per barrel at 0650 GMT for a 0.16% loss after ending Tuesday at $64.44 a barrel.
American benchmark West Texas Intermediate was at $58.11 a barrel at the same time for a 0.05% gain after closing the previous session at $58.08 per barrel.
The phase-one trade deal between China and the U.S. will be signed later on Wednesday in the White House; however, investors are skeptical that the world's two largest economies will lift imposed sanctions on one another amid a phase-two deal.
There is still the possibility that the next phase of trade talks will fail, dragging global oil demand and pushing crude prices lower.
Over the last 21 months, Washington has imposed tariffs on $550 billion worth of Chinese imports, while Beijing retaliated by implementing tariffs on $185 billion worth of American imports.
By Ovunc Kutlu